Select the option that is related to the third word in the same way as the second word is related to the first word. (The words must be considered as meaningful English words and must NOT be related to each other based on the number of letters/number of consonants/vowels in the word.) Loss : Profit :: Expense : ?________
Income
Solving Word Analogies: Expense and Income Relationship
The question asks us to find the word that shares the same relationship with 'Expense' as 'Profit' shares with 'Loss'. This type of question tests our vocabulary and understanding of word relationships, specifically analogies.
Understanding the Analogy: Loss : Profit
Let's analyze the relationship between the first pair of words: 'Loss' and 'Profit'.
- Loss: This refers to the state of not having something or having less of something than is desired or expected. In a business context, it means spending more money than is earned.
- Profit: This refers to a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
These two words, 'Loss' and 'Profit', represent opposite financial outcomes. They are antonyms.
Applying the Relationship: Expense : ?
Now, we need to apply this same relationship (antonym) to the word 'Expense'.
- Expense: This refers to the cost incurred or the money spent in the process of doing or getting something. It represents outflow of money.
We are looking for the opposite of 'Expense'. Let's examine the given options:
Analyzing the Options
- 1. Income: This refers to money received, especially on a regular basis, for work or through investments. It represents inflow of money. Income is the opposite of expense (money received vs. money spent).
- 2. Spend: This is very similar in meaning to 'Expense' or the action related to expense (spending money). It is not the opposite.
- 3. Earn: This is the process of getting income through work or effort. While related to income, it is not the direct opposite of 'Expense' in the same way that 'Income' is.
- 4. Tax: This is a compulsory contribution to state revenue, often based on income or expenditure. It is a type of expense, not the opposite of expense.
Based on the analysis, 'Income' is the direct opposite or antonym of 'Expense', just as 'Profit' is the antonym of 'Loss'.
Conclusion
The relationship between 'Loss' and 'Profit' is that they are antonyms. Applying this same relationship to 'Expense', we look for its antonym. The antonym of 'Expense' is 'Income'.
Therefore, Expense : Income :: Loss : Profit.
| Word Pair | Relationship |
|---|---|
| Loss : Profit | Antonyms (Opposite financial outcomes) |
| Expense : Income | Antonyms (Money spent vs. Money received) |
Revision Table: Key Terms
| Term | Definition | Relationship in Analogy |
|---|---|---|
| Loss | Spending more than earned | Antonym of Profit |
| Profit | Earning more than spent | Antonym of Loss |
| Expense | Money spent or cost incurred | Antonym of Income |
| Income | Money received or earned | Antonym of Expense |
Additional Information on Word Analogies and Antonyms
Word analogies help improve vocabulary and logical reasoning skills. They require identifying the relationship between the first pair of words and applying that same relationship to find the missing word in the second pair. Common relationships include:
- Antonyms (opposites)
- Synonyms (same meaning)
- Part to Whole (finger : hand)
- Cause and Effect (rain : flood)
- Worker and Tool (writer : pen)
- Action and Object (read : book)
- Degree (warm : hot)
In this specific analogy, the relationship is antonymy, focusing on financial terms. Understanding the basic definitions of financial terms like 'Loss', 'Profit', 'Expense', and 'Income' is crucial for solving this type of problem correctly.
Important Questions from General Knowledge Based
Select the option that is related to the third word in the same way as the second word is related to the first word.
Dermatologist : Skin : Neonatologist : ?
Select the option in which the words share the same relationship as that shared by the given pair of words.
Horses : Neigh
Select the option in which the words share the same relationship as that shared by the given pair of words.
Raj Ghat : Mahatma Gandhi
Given below are four words out of which three are alike in a certain context and one of them is inconsistent. Select the corresponding word.
Four words have been given, out of which three are alike in some manner and one is different. Select the word that is different.
